Allspring Global Investments Holdings LLC lessened its holdings in Ferguson plc (NASDAQ:FERG - Free Report) by 93.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,278 shares of the company's stock after selling 19,226 shares during the period. Allspring Global Investments Holdings LLC's holdings in Ferguson were worth $203,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of FERG. Jones Financial Companies Lllp increased its position in Ferguson by 37.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,096 shares of the company's stock worth $190,000 after purchasing an additional 296 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Ferguson by 53.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 354 shares of the company's stock valued at $61,000 after acquiring an additional 124 shares during the last quarter. Assetmark Inc. increased its position in Ferguson by 41.1% during the fourth quarter. Assetmark Inc. now owns 333 shares of the company's stock valued at $58,000 after acquiring an additional 97 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Ferguson during the fourth quarter valued at $10,333,000. Finally, Sequoia Financial Advisors LLC increased its position in Ferguson by 14.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,766 shares of the company's stock valued at $480,000 after acquiring an additional 356 shares during the last quarter. Institutional investors own 81.98% of the company's stock.
Ferguson Stock Down 1.7%
Ferguson stock traded down $3.77 during trading hours on Friday, reaching $220.63. The stock had a trading volume of 1,092,810 shares, compared to its average volume of 1,679,346. The company has a market cap of $43.50 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The business's 50 day moving average price is $200.85 and its 200-day moving average price is $181.23. Ferguson plc has a 52 week low of $146.00 and a 52 week high of $226.63.
Ferguson (NASDAQ:FERG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.44. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. Ferguson's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 earnings per share. Sell-side analysts anticipate that Ferguson plc will post 9.4 EPS for the current year.
Ferguson Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.83 per share. The ex-dividend date is Friday, June 20th. This represents a $3.32 annualized dividend and a dividend yield of 1.50%. Ferguson's dividend payout ratio (DPR) is currently 41.40%.
Analyst Ratings Changes
A number of research firms have weighed in on FERG. UBS Group boosted their price objective on shares of Ferguson from $173.00 to $204.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Berenberg Bank reissued a "hold" rating and set a $215.00 target price on shares of Ferguson in a research note on Thursday, June 5th. Wolfe Research assumed coverage on shares of Ferguson in a research note on Monday, March 17th. They set a "peer perform" rating for the company. Morgan Stanley reissued an "overweight" rating and set a $220.00 target price (up from $195.00) on shares of Ferguson in a research note on Monday, June 9th. Finally, Truist Financial reissued a "buy" rating and set a $230.00 target price on shares of Ferguson in a research note on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $222.60.
Check Out Our Latest Analysis on Ferguson
Ferguson Company Profile
(
Free Report)
Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.
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